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Gbpjpy_outlook

GBPJPY has formed a Fish pattern!!GBPJPY is showing strong bullish momentum in all timeframes. Currently, it is over daily and weekly resistance and already tested once as support on the daily timeframe and formed a Doji. If this instrument opened with a gap to the upside tomorrow, we may see an aggressive move to the upside. Or we may see another retest of the daily resistance( 156.05) as support and may start to move up. On the other hand, If it is a false breakout to the upside, we may see a big candle to the down. If so, we will wait for a retest fo the broken resistance ( 155.80)and will look for short. If you enjoy this analysis please thumbs up. Thank you.
Long
by ForexWizard01
GBPJPY LONG (4HR)Hello, right now price is making an impulsive move and we want to see price break and retest, as price is on a sensitive area where it has tested as support and resistance several times in the past so we know price moves in three direction impulsive, correction and continuation. As of now we are in an impulsive move but hope to see correction and continuation to the top break major trend line and then a bearish move although that could take sometime. Basis made on market structures I would love to connect with you all, share opinions ❤️ Jesus loves you and died for you❤️
Long
by louisemwesigwa
GBPJPY- Bullish divergence and oversold CCI Analysis- The CCI (50) and Woodies CCI below zero level in Woodies CCI in the 4 -hour chart. It confirms the bearish trend. Technical: The immediate resistance is around 152, any break above targets 152.25/152.75/153.35/154. Significant bullish continuation if it breaks 155.30. On the lower side, near-term support is at 151. Any indicative violation below targets 150/149. GBPJPY continues to trade lower for the past three days and lost more than 300 pips on the weak Pound sterling. DISCLAIMER: ((trade based on your own decision )) <>
Long
by Goldsignal75
GbpJpy- Strongly bullish structure for 3k pips gainOn Friday I called for a break of support and, in the end, this break proved to be a false one and I closed my sell trade on break even. As always, when I'm in doubt, I look at the longer TF, and here things are pretty clear, with GbpJpy in a visible uptrend since March 2020. Also, the 2020 "pandemic low" and 2016 low have formed a nice double bottom on our weekly chart (very clear in monthly also). At this moment the pair is consolidating exactly in the neckline resistance and considering the 6 months of consolidation the break should be very violent. If this break will happen to the upside the next target is around 180 and the measured target of the double bottom is near 200, level confluent with a previous high. Note: This is a very long-term outlook so don't expect 180 in 2-3 weeks
Long
by Mihai_Iacob
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